PARIS—French REIT/SIIC Gecina plans to pay $184 million (€133M) for an office building in southeast Paris.
This according to reports in the European Trade Press. The deal is part of the REIT's strategy to reinvest proceeds of asset sales into the sector. Gecina has the capacity to invest about €1bn in 2014 after its $967 million (€700m) sale of its Beaugrenelle shopping mall.
Click Property Investor Europe to the read the full story.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
